NOT LISTED FOR SALE

Summerland Key, FL 33042

Estimated Value: $1,007,000 - $1,344,000

2 Beds
2 Baths
1,554 Sq Ft
$708/Sq Ft Est. Value

Last Sold August 22, 2013

Last sale price $345,000 $222 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $6,298/month

294 Days on Market

About This Home

As of August 2013

Fabulous 2br/2ba (1,554sf) oak timber frame canal front home with dock and large corner private (7,500sf) lot.Mexican tile and solid wood floors, Cathedral ceilings. Beautiful water views from top story.Great boating access to Ocean & Gulf. Lots of decks, storage and room for a pool. This is a potential short sale subject to lender approval.

Last Agent to Sell the Property

Jerry Hughes

Old Town Realty License #3033169 Listed on: 11/01/2012

Home Details

Home Type

Single Family

Year Built

1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Dockage Dock: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: Yes
  • Handicap Access: No
  • Key Island: Cudjoe Key
  • K W Neighborhood: Outside of Key West
  • Mile Marker: 23.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Selling Info: Great job Moe! Great patience!
  • Side: Ocean
  • State Province: FL
  • Taxes: 3489.26
  • Vehicle Storage: Garage
  • Vehicle Storage Cars: 4+
  • Year Built: 1987
  • Alternate Key Number: 1237302
  • Cooling Heating: Central Air, Heat, Ceiling Fans(s)
  • Lot Sq Ft: 7500.00
  • Pool Info: Above Ground
  • Porch Balcony: Patio
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1554.00
  • Pre Wired: Cable
  • Special Features: 12
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Walk-in Closet(s), Storage, Smoke Alarms, Built-in Cabinets, Pantry, Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Glass Doors, Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Concrete, Frame
  • Exterior Features: Fencing, Storage, Outdoor Shower, Hot Tub
  • Roof: Metal Roof
  • Waterview: Ocean View, Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Septic Tank, Cistern

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00185320-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2012
Closed on
Aug 22, 2013
Sold by
Hagen Edward W and Hagen Susan P
Bought by
Kennedy Timothy D and Reed Margaret K
Seller's Agent
Jerry Hughes
Old Town Realty
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$450,000
Sold Price
$345,000
Premium/Discount to List
-$105,000
-23.33%
Current Estimated Value
$1,100,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$755,405
Avg. Annual Appreciation
9.77%
Original Mortgage
$199,500
Outstanding Balance
$147,449
Interest Rate
4.39%
Mortgage Type
New Conventional
Estimated Equity
$952,956

Purchase Details

Closed on
May 23, 2005
Sold by
Smith Lynn S
Bought by
Hagen Edward W and Hagen Susan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 21, 2003
Sold by
Burrows Richard and Burrows Luisa
Bought by
Smith Lynn S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,600
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kennedy Timothy D $345,000 None Available
Hagen Edward W $875,000 --
Smith Lynn S $497,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennedy Timothy D $199,500
Previous Owner Hagen Edward W $650,000
Previous Owner Smith Lynn S $397,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2013 08/22/13 Sold $345,000 -23.3% $222 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
11/01/2012 11/01/12 For Sale $450,000 -- $290 / Sq Ft
Source: Key West Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,874 $922,278 $523,800 $398,478
2024 $6,340 $848,929 $453,600 $395,329
2023 $6,340 $799,151 $424,800 $374,351
2022 $5,837 $722,757 $345,600 $377,157
2021 $5,496 $593,569 $255,600 $337,969
2020 $4,546 $416,164 $194,400 $221,764
2019 $4,111 $458,917 $234,000 $224,917
2018 $3,440 $287,585 $212,400 $75,185
2017 $4,451 $420,296 $0 $0
2016 $4,103 $350,072 $0 $0
2015 $4,221 $347,732 $0 $0
2014 $4,389 $348,462 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jerry Hughes

    Old Town Realty

    (305) 240-1136

    49 Total Sales

    Jerry Hughes
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Source: Key West Association of REALTORS®

MLS Number: 117174

Key West Association of REALTORS®

APN: 00185320-000000

Florida Monroe County Summerland Key

33042

Not Listed for Sale

Detached

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